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23 Marina Tower, Dubai Marina

23 Marina Tower, Dubai Marina

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Strengths

Architectural Design

Luxurious Amenities

Panoramic Views

Weakens

High Maintenance Fees

Limited Parking Spaces

Noise Levels

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Description

23 Marina Tower, Dubai Marina

Real Estate Overview

Building Overview

  • 23 Marina Tower is an iconic residential skyscraper situated in Dubai Marina, offering stunning views of the coastline and the vibrant skyline.
  • Located in proximity to key landmarks such as The Walk at JBR, Skydive Dubai, and Dubai Marina Mall, the tower is an ideal choice for both families and professionals.
  • The tower is known for its luxurious design and high-end amenities, comparable to other prestigious buildings in the Marina district.

Properties Overview

  • The building features a diverse range of properties from spacious 2-bedroom apartments to luxurious 4-bedroom penthouses.
  • Current rental prices range from AED 120,000 to AED 300,000 annually, while sale prices for apartments can vary from AED 2 million to AED 6 million based on size and views.

Market Trends

  • The rental market has seen a stable increase of approximately 5% year-on-year, while property values have appreciated due to high demand.
  • Return on Investment (ROI) for investors typically ranges from 6% to 7%, indicating a strong market for both renters and buyers.
  • Forecasts suggest a continued upward trend in property values, driven by ongoing developments in the surrounding area.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Within walking distance are supermarkets, reputable schools such as the American School of Dubai, and healthcare facilities like Emirates Hospital, providing convenient access to essential services.

Transportation and Accessibility

  • The building is well-connected via the Dubai Metro and has several bus routes nearby, making commuting around the city easy.
  • There are dedicated parking spaces for residents, enhancing accessibility.

Lifestyle Amenities

  • Residents enjoy access to an array of lifestyle amenities, including a state-of-the-art fitness center, swimming pools, spa facilities, and a rooftop lounge.
  • Numerous dining options and nightlife venues are located within a short distance, ensuring a vibrant lifestyle.

Builing Facilities

  • 23 Marina Tower is equipped with high-speed elevators, round-the-clock security, central air conditioning, and dedicated maintenance services.

Special Services

  • The building offers concierge services, guest services, and a well-equipped business center, catering to the needs of residents and visitors alike.

Planning Your Move or Investment

Floor Plans and Property Types

  • The tower provides a range of floor plans suitable for various lifestyles, from open-plan units to those with separate living and dining areas, accommodating both renters and buyers.

Things to Consider

  • Prospective tenants and buyers should evaluate factors such as community amenities, accessibility, maintenance fees, and investment potential before making a decision.

Useful FAQs and Support

Events and Building Life

Building Events

  • Residents can participate in regular social gatherings, community events, and holiday celebrations, fostering a sense of community within the tower.

Community Identity

  • 23 Marina Tower stands out due to its architectural brilliance and vibrant community spirit, often hosting events that enhance the lifestyle experience of its residents.

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Detailed Buiding Insights

1. Family Friendliness

23 Marina Tower offers a family-friendly environment with spacious apartments and nearby parks, making it ideal for families with children.

Exceptionally Welcoming

2. Living Options

The tower features a variety of living options, including luxury apartments and penthouses, catering to different lifestyles and budgets.

Broadly Diverse

3. Safety And Security

The building is equipped with state-of-the-art security systems, including 24/7 surveillance and secure entry systems, ensuring residents feel safe.

Remarkably Secure

4. Transportation

Access to public transportation is good, with nearby metro stations and bus stops, although traffic can be heavy during peak hours.

Moderately Convenient

5. Amenities And Facilities

The tower boasts an array of amenities including a swimming pool, gym, sauna, and children's play areas, providing residents with a luxurious lifestyle.

Richly Equipped

6. Cost Of Living

While the area leans towards higher-end living expenses, the variety of facilities and services available justify the costs for many residents.

Relatively Balanced

7. Things To Do

Residents enjoy a multitude of recreational options including proximity to beaches, restaurants, shopping areas, and entertainment venues.

Vibrantly Diverse

8. Noise Levels

Despite being in a bustling area, the tower's design and location help to minimize noise, creating a serene living environment.

Generally Peaceful

9. Pet Friendliness

The community is pet-friendly, with specific areas dedicated to pets and nearby parks where owners can take their pets for walks.

Warmly Accommodating

Price Insights

Price Trends
2 Bedrooms apartments rented in Damac and Dubai Marina
Average Prices
This data displayed is based on properystellar last 12 months data.
Name Type Avg. Price (AED / year)
Villa (2Beds)
Sale
1.3M AED
Apartment (1Beds)
Sale
850K AED
Villa (3Beds)
Rent
168K AED

Map Overview

Park and Outdoor Fitness & Gym Hospital and Clinics Shopping Center and Groceries Restaurant & Cafeterias
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Schools

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Local Information

Buy:

243K AED - 341.4K AED

Rent:

20.9K AED - 30.4K AED

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